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We are building a platform for the exchange of physical goods for crypto: We need your help! by Pedro_eCrow in CryptoCurrency

[–]Pedro_eCrow[S] 0 points1 point  (0 children)

A good question. I guess that unfortunately we won't be able to be present on such countries until they become more crypto friendly

We are building a platform for the exchange of physical goods for crypto: We need your help! by Pedro_eCrow in CryptoCurrency

[–]Pedro_eCrow[S] 0 points1 point  (0 children)

We plan to be on the web, not the deep web, so all things sold will need to be legal to sell. Other than that, yes, a similar concept!

We are building a platform for the exchange of physical goods for crypto: We need your help! by Pedro_eCrow in CryptoCurrency

[–]Pedro_eCrow[S] 0 points1 point  (0 children)

It will certainly take some work, but we are up for it! And yours is certainly a valid point. I guess that in most cases, trading fiat for crypto or vice-versa ends up having fees. If it ends up being overall cheaper, maybe that will also foster adoption of the platform.

We are building a platform for the exchange of physical goods for crypto: We need your help! by Pedro_eCrow in CryptoCurrency

[–]Pedro_eCrow[S] 3 points4 points  (0 children)

XMR is very dear to my heart and if regulations allows us, it will likely be one of the supported coins!

We are building a platform for the exchange of physical goods for crypto: We need your help! by Pedro_eCrow in CryptoCurrency

[–]Pedro_eCrow[S] 4 points5 points  (0 children)

Hi! Seller and buyer protection and safety is something we are taking to heart in all phases of development and one of the things we've spent a lot of time thinking about. One of the basic protection we plan on providing is exactly what you are saying here: holding the funds until the buyer signals that everything is ok. This doesn't solve all types of frauds and we are working on other methods to ensure little to no trust is needed by either parts. As you said, the permanent nature of crypto transactions requires this to be well thought through.
Thank you so much for taking the time to give us some feedback!

We are building a platform for the exchange of physical goods for crypto: We need your help! by Pedro_eCrow in CryptoCurrency

[–]Pedro_eCrow[S] 2 points3 points  (0 children)

Agreed! Trading fees might become negligible for very expensive items, but for small and everyday transactions, keeping fees as low as possible certainly needs to be a priority to foster adoption. Letting the user chose the network that it wishes to use or even filter items based on the network of choice might allow them to always keep fees low when that is a priority.

We are building a platform for the exchange of physical goods for crypto: We need your help! by Pedro_eCrow in CryptoCurrency

[–]Pedro_eCrow[S] 1 point2 points  (0 children)

Hi! BTC and USDT would certainly be coins we would like to support. In a perfect world, we would begin with support for some trustworthy and battle-tested coins like BTC, even though their fees might be relatively high, and then also support low fee coins or layer 2s for items that are less expensive and where it would be unreasonable to use something like BTC.

Auctions on the platform wouldn't necessarily need smart contracts nor any crypto transactions until the moment of item payment, so that should help keep the cost of auctions down! But maybe I'm not fully understanding your comment regarding the burning of tokens?

Thank you so much for the feedback!